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The Business Of Mining: Profits, Losses, Hobbies and Businesses

Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

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Melman on Gold & Silver


By the time you receive this issue of ICMJ, the November election will be only a few weeks away, and the campaign is finally heating up. Quite surprisingly, Vice President Gore has taken the lead in recent polls from the early front-runner, George "Dubya" Bush.

Prospecting Australia—Part III Anatomy of a Nugget Patch in Western Australia


One of the most memorable nuggets I found in Australia was detected on the very last day that I was out prospecting. I was going along swinging my coil and I came across a blaring loud signal that almost blew my ears off.

Legislative and Regulatory Update


• Bills introduced to stop federal management of greater sage grouse
• WOTUS under review
• Congressional Review Act

From Spanish Mine to Modern-Day Exploration: The Historic Gold-Silver Camp of Palmarejo


Palmarejo Silver & Gold Corp., based in Longueuil, Quebec, is a gold-silver exploration company reexploring a former Spanish silver district in far southwestern Chihuahua.

Nevada Mining Tax Fails in Signature Drive


Backers of the petition drive that began five months ago said they secured only about two-thirds of the 97,000 signatures they needed by the deadline to place the measure on the November ballot.

Pickers and Nuggets


Mike and I each selected a side of the creek and started to work our way upstream. We both worked the water and sides of the creek, and better than half the gold found in this area is in the water.

Legislative and Regulatory Update


• Alaska Governor blasts state habitat division
• Laws proposed and reviewed in Washington State
• Comments needed on California's arsenic goals
• New explosives requirements
• Bill introduced to curb ESA abuses

Subscription Required:
The Bawl Mill   • Where To Find Diamonds   • Miners Find Encouraging Prospects Near Livengood   • Glen's Big Find   • Suction Dredge Study   • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I   • Beyond The End of The Road   • Barnes Store and Yankee Jims   • Mining Tax Increase Suggested   • Opening Ceremony for Buckhorn Mine   • Mining Journal Contest—How Much Is That Old Mining Journal Worth?   • Melman on Gold & Silver   • Mining Stock Quotes and Mineral & Metal Prices

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Legislative and Regulatory Update

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